Make way for another juggernaut amongst enterprise startups: Rubrik, a data backup company that only emerged from stealth in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according to sources.
TechCrunch first learned of the new fundraise via an anonymous tip. We then confirmed the details with a source close to the company. From what we understand the round is not yet closed.
It’s not clear who will be leading the round but one name we’ve heard floated is IVP — the high-profile VC firm that has been a prominent backer of major tech brands like Snap and Twitter, but also a number of key enterprise startups like Slack, Domo and Dropbox.
Other potential investors could include Rubrik’s existing investors:…